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Estonia’s Licensed Crypto Firms Drop 80% under New AML/CFT Regime

Enforcement of last year’s amendment to Estonia’s anti-money laundering (AML) and countering the financial of terrorism (CFT) regulation has resulted in a dramatic drop in the number of licensed cryptocurrency service providers. As of May 1, 2023, there were only 100 crypto firms with operating licenses, which is an 80% drop from 489 as of March 15, 2022, when the amended Money Laundering and Terrorist Financing Prevention Act came into force.According to the Estonia Financial Intelligence Unit... Read More

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Posted: May 8 2023, 17:53

Author Name: financemagnates

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